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On January 2, 2016. Royal Pot purchased fixtures for $22,600 cash, expecting the fixtures to remain in service for nine years. Royal Pet has depreciated

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On January 2, 2016. Royal Pot purchased fixtures for $22,600 cash, expecting the fixtures to remain in service for nine years. Royal Pet has depreciated the factures on a straight line basis with $1,000 residual value. On April 30, 2018. Royal Pet sold the statures for $15.500 cash Record both depreciation expense for 2018 and sale of the factures on April 30, 2018. (Assume the modified half- month convention is used. Record debits first, then credits Select the explanation on the last line of the journal cetry table) Worke nt Scc Begin by recording the depreciation expense as of Apr 30, 2018 Date Accounts and Explanation Debit Credit apts: Apr 30 somer Submi 9115 1-3 (sin -110 #-23 (si 5 (similart O (similar ? similar

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